Published on 22 Mar 2023 on Simply Wall St. via Yahoo Finance

When Will Frontier Digital Ventures Limited (ASX:FDV) Breakeven?

With the business potentially at an important milestone, we thought we'd take a closer look at Frontier Digital Ventures Limited's (ASX:FDV) future prospects. Frontier Digital Ventures Limited is a private equity firm specializing in investing and developing online classifieds business in emerging markets. The AU$262m market-cap company announced a latest loss of AU$11m on 31 December 2022 for its most recent financial year result. As path to profitability is the topic on Frontier Digital Ventures' investors mind, we've decided to gauge market sentiment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

View our latest analysis for Frontier Digital Ventures

According to the 3 industry analysts covering Frontier Digital Ventures, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2023, before generating positive profits of AU$12m in 2024. The company is therefore projected to breakeven just over a year from today. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 103% is expected, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.